9296 Tropez Lane
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2023 | Sold | ||
| Sold | |||
| Jan 28, 2023 | Listed by RE/MAX Services | $2,699,000 | |
| Listed by RE/MAX Services | |||
| Nov 21, 2022 | No longer available | - | |
| No longer available | |||
| Nov 11, 2022 | Listed by RE/MAX Services | $2,699,000 | |
| Listed by RE/MAX Services | |||
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Situated on a 1/3 acre lakefront lot, this upgraded Colonnade Grande model features 5,520 sq. ft. of luxurious living. A 1st floor master suite showcases a floorplan containing 5 bedrooms and a den, 6 full baths & two 1/2 baths. Gorgeous 24'' x 24'' Level III marble flooring throughout the first floor main living areas, with hardwood throughout the 2nd floor, den/office and all bedrooms. A chefs kitchen boasts Quartzite countertops and a full host of appliances from SubZero, Wolf & Bosch. Custom built-ins located in the family room, loft & den/office. The resort-inspired yard features a heated & salt-chlorinated pool/spa with sun shelves and is encompassed by a marble deck and beautiful turf lawn. Other features include whole-house generator & screen enclosure with built-in grill. The manager has listed the unit size as 5520 square feet.
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| Aug 26, 2022 | No longer available | - | |
| No longer available | |||
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017